The top Ubika Gold 50 gainers for the week ending January 17, 2014 include:
Rio Alto Mining Ltd (TSX: RIO), Paramount Gold and Silver Corp (TSX: PZG), Guyana Goldfields Inc (TSX: GUY), Timmins Gold Corp (TSX: TMM) and Lydian International Ltd (TSX: LYD). To view the complete Ubika Gold 50 index report, click
on the download link.
Key Findings for the week:
• Rio Alto Mining Ltd (TSX: RIO) was the top gainer for the week with
a 30.43% gain (based on the minimum average weekly volume of 50,000). The
stock rose on recent news (Jan 6, 2014) that it has received environmental
approval for the La Arena Project Gold Oxide Mine, which allows Rio Alto
to apply for permits for a future Phase 2 open pit sulphide mine and construct
an 18,000 tonne per day copper/gold flotation plant and concentrator.
• The UG 50 index gained for the fourth consecutive week, increasing 11.06%
to close at 78.95. The UG 50 index outperformed TSXV index (1.01%), Gold
(0.44%) and S&P/TSX global gold index (6.67%). The index gained on
the back of rising gold prices and the resultant positive effect on gold
companies.
• The performance of the UG 50 constituent companies was majorly positive
with 42 out of 48 companies managing positive performance for the week.
https://smallcappower.com/wp-content/uploads/cloud.modyocdn.com/uploads/d9ce064081d211e3abf01716a4ce6829/original/UG50_012014.pdf
